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Elmira Savings to buy Empower branch
ELMIRA — Elmira Savings Bank will open a new branch in a Big Flats. Elmira entered into an agreement with Empower Federal Credit Union to
Small-business optimism grows for fourth straight month in December
Small-business owners displayed increasing optimism for the fourth straight month in December, raising sales expectations and lowering concerns over future business conditions. Those are the results of the monthly Small Business Optimism Index measured by the National Federation of Independent Business (NFIB). The index inched up 1.8 points to 93.8 in December. The seasonally adjusted
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Small-business owners displayed increasing optimism for the fourth straight month in December, raising sales expectations and lowering concerns over future business conditions.
Those are the results of the monthly Small Business Optimism Index measured by the National Federation of Independent Business (NFIB). The index inched up 1.8 points to 93.8 in December.
The seasonally adjusted net percentage of business owners expecting higher sales during the next three months increased five points to 9 percent. And the seasonally adjusted net percentage of business owners anticipating better general business conditions in six months climbed four points to negative 8 percent.
December’s optimism index increase was not enough to move the index out of “recession territory,” NFIB said in a news release. The index of 93.8 is 6 points below its pre-recession average, according to the organization.
“It’s a good thing that we see some positive optimism within the business community,” says NFIB New York State Director Mike Durant. “But they’re waiting for the other shoe to drop, too, because they’ve done this dance before.”
NFIB randomly surveyed 725 of its members in December to calculate the optimism index.
Sovena USA hopes certification leads to growth
ROME — Olive-oil importer and bottler Sovena USA ended 2011 on a high note by becoming the first U.S. laboratory to be certified for chemical testing of olive oil by the International Olive Council (IOC). The new certification positions the company to reassure buyers and consumers that its oils meet globally accepted standards for olive
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ROME — Olive-oil importer and bottler Sovena USA ended 2011 on a high note by becoming the first U.S. laboratory to be certified for chemical testing of olive oil by the International Olive Council (IOC).
The new certification positions the company to reassure buyers and consumers that its oils meet globally accepted standards for olive oil, it said.
“The International Olive Council certification is very prestigious in the olive field,” says Thomas Armitage, a marketing associate with Sovena USA (www.sovenausa.com), in an email. “Over the past 18 months, questions challenging the quality of olive oil in the U.S. have received publicity and raised awareness of the potential for fraud. As one of the country’s top suppliers of olive oil, Sovena USA’s certification by the IOC provides another level of assurance to partners and customers in the retail, foodservice, and industrial markets.”
Companies undergo a rigorous process to become certified, Armitage says. Labs must first meet local accreditation standards. For Sovena, he says, that meant achieving ISO 17025 certification, which the company did in January 2010. Labs must then prove in regular check tests that they are competent in applying methods of analysis recommended by the IOC. Sovena achieved the IOC certification in December. Currently, Sovena is one of only 50 IOC-certified chemical-testing laboratories in the world and is the only lab in America.
“The achievement was the result of companywide support, as well as tremendous effort from our nine-member quality-assurance team,” Armitage says.
The hope is that the certification will reassure existing clients, which include BJ’s Wholesale Club, Price Chopper, Sysco, and Walmart, as well as help the company land new clients, Armitage says. Sovena packages more than half of all store-brand olive oils across the country.
Sovena, which employs 170 people at its Rome bottling facility and laboratory in Griffiss Business and Technology Park, also launched its own brand, Olivari Mediterranean Olive Oil, in 2010. Olivari, crafted to cater to the American palate with a more subtle, fruity taste, is available locally at Chanatry’s, Hannaford, Price Chopper, and Walmart.
“Business for Olivari continues to grow,” Armitage says. “Just recently, at the end of 2011, we secured new business at Foodtown, Redner’s, Stop & Shop, ShopRite, and White Rose. These retailers will help us continue building a stronger presence in the New England, Pennsylvania, and New York Metro areas.”
In 2012, Sovena USA will also continue its search for a new CEO to replace Luis Gato.
“Our former CEO stepped down this past fall to pursue other business ventures,” Sovena USA Board Chairman Stephen Mandia
says in an email. “The search for a new CEO here in Rome is going very well. We are looking for a highly skilled food executive that is a proven team leader and has hands-on experience in the retail and foodservice markets. We have found several very qualified individuals, and we hope to name a new CEO within the next 30-45 days.”
Antonio Simoes, CEO of the Sovena Group (Sovena USA’s parent company) is currently serving as CEO of Sovena USA while the search is under way. Portugal–based Sovena Group generates annual sales in excess of $200 million. Mandia served as Sovena USA’s CEO through 2009. Mandia founded the company as East Coast Olive Oil in Utica in 1991 before joining with Sovena in 2008.
Sovena, which operates its own olive groves in Portugal, does business in more than 70 countries and is America’s largest importer of olive oil. Products include olive oil, organic oils, high-volume frying oils, and a line of vinegars. Sovena also markets its own GEM brand.
Founded in 1959 in Madrid, Spain, the International Olive Council says it is the globally recognized intergovernmental organization for the olive-oil industry. Its members account for 98 percent of the world’s olive production.
PAR Tech to sell logistics-management subsidiary
NEW HARTFORD — PAR Technology Corp. (NYSE: PAR) is selling its PAR Logistics Management Systems (PAR LMS) shipping asset and management subsidiary to ORBCOMM Inc., a global satellite data-communications company based in Fort Lee, N.J. PAR announced the sale Dec. 28 and said ORBCOMM (NASDAQ: ORBC) will pay $6 million in cash and stock with
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NEW HARTFORD — PAR Technology Corp. (NYSE: PAR) is selling its PAR Logistics Management Systems (PAR LMS) shipping asset and management subsidiary to ORBCOMM Inc., a global satellite data-communications company based in Fort Lee, N.J.
PAR announced the sale Dec. 28 and said ORBCOMM (NASDAQ: ORBC) will pay $6 million in cash and stock with the potential of up to an additional $4 million in compensation based on achieving specific sales targets. The deal will close in mid-January.
“The decision to sell PAR LMS resulted from our board’s evaluation over the past year of various strategic alternatives to position the company for long-term growth,” PAR Chairman and CEO Paul B. Domorski said in a news release. “Focusing on the core business will benefit customers and shareholders and the sale of PAR LMS is an important step forward to unlocking the intrinsic value of PAR’s underlying assets.”
ORBCOMM’s experience, technology, and breadth of services will benefit current PAR LMS customers, he added.
“We expect to offer customers increased features, higher levels of integration, and increased scale by adding PAR LMS to our portfolio of leading-edge businesses,” ORBCOMM CEO Marc Eisenberg said. ORBCOMM will add PAR LMS employees to its payroll, he said. The release did not indicate how many employees are affected by the sale, and PAR did not respond to interview inquiries before press time.
The acquisition will add new vertical markets to ORBCOMM and enhance the company’s position in the cold-chain management market, it said. The combined platform supports the company’s growth strategy by expanding its satellite, terrestrial, and dual-mode offerings and will advance sales growth in those business segments, company officials said.
The stocks of the two companies showed differing reactions to the news, with PAR’s share price inching up from $3.70 at the close on Dec. 28 to $3.98 on Jan. 3. ORBCOMM’s stock, on the other hand, initially wavered on Dec. 29, opening at $2.96 and closing at $2.89 before rallying slightly to open and close at $3.03 on Jan. 3. Vincent Colicchio, a senior research analyst with Noble Financial in Boca Raton, Fla., who follows the company, did not respond to inquiries before press time.
ORBCOMM acquired StarTrak in May 2011, also in the transportation-solutions sector.
Raymond James acted as financial advisor to ORBCOMM. Needham & Company, LLC was financial advisor to PAR Technology Corp.
ORBCOMM (www.orbcomm.com), a machine-to-machine data-communications company, has customers including Caterpilar, Inc.; Doosan Infracore America; Hitachi Construction Machinery; and Volvo Construction Equipment. For the third quarter, ORBCOMM reported net income of $555,000 on revenue of $13.9 million.
PAR Technology (www.partech.com) is a provider of restaurant and retail technology including point-of-sale systems and hotel-management systems. PAR reported third-quarter revenue of $59.8 million and net income of $1.2 million. The company, headquartered in New Hartford, also provides computer-based system-design and engineering services to the Department of Defense.
Oneida County studies Griffiss Airport’s potential for regular passenger air service
ROME — Oneida County is studying the future of commercial air service from Griffiss International Airport and has hired an expert consultant to assess the feasibility of regularly scheduled passenger air-carrier service at the airport. “The goal of our investments at Griffiss is to make Griffiss an economic development engine that can help attract, retain,
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ROME — Oneida County is studying the future of commercial air service from Griffiss International Airport and has hired an expert consultant to assess the feasibility of regularly scheduled passenger air-carrier service at the airport.
“The goal of our investments at Griffiss is to make Griffiss an economic development engine that can help attract, retain, and grow jobs in our region,” Oneida County Executive Anthony J. Picente, Jr. said in a news release announcing the study. “The time is right for us to assess the climate for commercial air passenger service and determine a realistic, appropriate course of action based upon the current market for air travel and the expectations and needs of the people and employers of Oneida County.”
R.A. Wiedemann & Associates, Inc. of Georgetown, Ky., will conduct an air-service development study to first establish the level of public demand and support for airline service initiated at Griffiss and then determine the feasibility of any options selected for further study.
Phase one of the study will examine the potential demand and usage for a flight route between Griffiss and Dayton, Ohio to provide a direct route for local Department of Defense agencies and contractors to and from the Wright-Patterson Air Force Base area and provide the general public with the option of using Dayton as an alternative connecting hub airport instead of traveling to New York City. Dayton offers direct flights to Atlanta, Detroit, Minneapolis/St. Paul, Chicago-O’Hare, Denver, Washington-Dulles, Baltimore/Washington, Orlando, Tampa, Dallas/Fort Worth, Cleveland, Newark, Milwaukee, Charlotte, New York-LaGuardia, Philadelphia, and Washington-Reagan.
Phase two of the study will focus on the analysis of airline service factors, passenger flows, airline fares, and route economics.
If air travel to Dayton is not feasible, the study will examine other potential options that could include direct air service to New York City or seasonal air service to vacation destinations such as Myrtle Beach, S.C.
“Griffiss Airport has outstanding potential, and we want to develop that potential in the right ways to maximize our community’s growth,” Picente said. “As we work to develop the airport’s potential for air freight and other uses, we would be remiss if we did not fully explore our options for passenger travel. We need a sound, expert analysis as the basis for our decision making as we move forward. I know there is an interest in having passenger access from Griffiss. This study will tell us whether that interest can translate itself into an economically viable project.”
The study will also incorporate input and data from anyone interested in the future of the airport. Oneida County residents and businesses are encouraged to contact R.A. Wiedemann & Associates at its website: www.rawiedmann.com.
Chobani maker gears up for expansion projects
SOUTH EDMESTON — Agro Farma, Inc., maker of Chobani yogurt, ended 2011 with a bang. On Dec. 16, the company announced it had cemented plans to expand its production plant in South Edmeston, and just days later on Dec. 19, the company broke ground on a new 940,000-square-foot, high-capacity production facility in Twin Falls, Idaho.
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SOUTH EDMESTON — Agro Farma, Inc., maker of Chobani yogurt, ended 2011 with a bang.
On Dec. 16, the company announced it had cemented plans to expand its production plant in South Edmeston, and just days later on Dec. 19, the company broke ground on a new 940,000-square-foot, high-capacity production facility in Twin Falls, Idaho.
In New York state, Agro Farma will invest $134 million in its South Edmeston facility, a move that should translate into new jobs and increased tax revenue for the surrounding communities.
“This project is a good thing not only for our company, but our employees and the community as well,” company founder and CEO Hamdi Ulukaya said in a news release.
The expansion project includes the construction of two four-story structures and a 300-space parking lot, along with new receiving bays that will reduce the number of tanker trucks idling at the facility. A new truck-staging area in the new parking lot will reduce the total number of tractor trailers that park along the road.
That parking lot, along with a new employee entrance in the new wellness building — one of the two new structures going up — will reduce the number of pedestrians crossing the roadway.
Agro Farma has hired a number of local contractors to work on the project including Taggart Electric, Burrell’s Excavating, Tuller Septic, Eastman Construction, S&H Mechanical, and Delaware Engineering. The project will create between 30 and 40 new construction jobs.
Agro Farma received a 10-year payment in lieu of taxes (PILOT) agreement from the Chenango County Industrial Development Agency (CCIDA), but the project will still generate an increase in tax revenue for the county ($138,555), the town of Columbus ($119,700), and the Unadilla Valley School District ($203,041) over the life of the PILOT, company officials said. The CCIDA also granted sales and use tax exemptions on construction materials and equipment rented during the construction for goods and services purchased in New York.
Once the project is complete, Agro Farm expects to add 106 new full-time jobs, bumping the company’s $30 million annual payroll by an additional $4.2 million.
In Idaho, work is under way on the new production facility, located on 200 acres.
“This is the next chapter in our four-year history,” Ulukaya said. “We feel the potential for good-tasting, healthy food in America is limitless.”
Production at the new plant should start in the second half of 2012. The plant will employ about 400 people and feature an onsite 45,000-square-foot employee facility featuring an open-office plan, natural light, a wellness area, a cafeteria, lounge areas, training facilities, a daycare center, and conference rooms.
The new facility will help support the region’s agricultural community as Agro Farma needs a reliable supply of milk, Idaho governor C.L. Otter said.
The Twin Falls facility will boost Agro Farma’s distribution of Chobani to the western United States.
Earlier in 2011, Agro Farma expanded its Chobani (www.chobani.com) brand into Australia through the acquisition of Bead Foods Pty Ltd. Chobani now sells seven flavors in Woolworths stores throughout New South Wales. Chobani also sells five flavors at Loblaw stores in the greater Toronto area and Hamilton in Canada.
CLINTON — Bassett Healthcare Network of Cooperstown opened its newest primary-care practice in the village of Clinton on Dec. 19. Aimee Pearce, M.D., who lives in Clinton, leads the new 5,100-square-foot facility at 34 Chenango Ave. Pearce is board-certified in family practice and will see patients of all ages. An advanced-practice clinician will join the
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CLINTON — Bassett Healthcare Network of Cooperstown opened its newest primary-care practice in the village of Clinton on Dec. 19.
Aimee Pearce, M.D., who lives in Clinton, leads the new 5,100-square-foot facility at 34 Chenango Ave. Pearce is board-certified in family practice and will see patients of all ages. An advanced-practice clinician will join the practice in early January.
“This is an exciting time to be a part of the Bassett network, and I look forward to welcoming new and current patients in the Clinton location,” said Pearce, who previously served as medical director of Bassett’s health centers in West Winfield, Richfield Springs, and Edmeston.
Dr. Gerald Groff, vice president of regional operations, said patients in Clinton will benefit from Bassett’s new electronic health-record system, which makes their records available at any Bassett facility they visit, as well as from Bassett’s patient-centered, medical-home model. It’s an emerging model of care that focuses on highly coordinated care, quality, safety, and preventive care supported by the use of information technology such as electronic health records, according to Bassett. Twenty-three of Bassett’s community-based primary care centers achieved medical-home designation in 2011, including the West Winfield, Richfield Springs, and Edmeston centers.
Pearce completed her undergraduate degree at the University of Pennsylvania, where she graduated cum laude. She earned her medical degree from the University of Debrecen Medical and Health Sciences Center in Hungary and was a Fulbright Scholar. Pearce completed an internal-medicine internship at the Mary Imogene Bassett Hospital in Cooperstown between 2004 and 2005 and a family practice residency at St. Elizabeth Medical Center in Utica, where she was chief resident in 2006.
Rojeti owner starts document-storage business in Rome
ROME — Joyce Finnegan’s newest business — Store Scan Shred Secure Records Management — gives area businesses a new option for storing their sensitive records. The business is a division of Finnegan’s RJT Products LLC, which also operates ROJETI, manufacturer of eco-friendly laundry and travel bags. Growth at ROJETI prompted Finnegan to start Store Scan
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ROME — Joyce Finnegan’s newest business — Store Scan Shred Secure Records Management — gives area businesses a new option for storing their sensitive records.
The business is a division of Finnegan’s RJT Products LLC, which also operates ROJETI, manufacturer of eco-friendly laundry and travel bags.
Growth at ROJETI prompted Finnegan to start Store Scan Shred when the business outgrew her home office, Finnegan says. “I realized I needed a place that offered me not only storage capability, but also the ability to work out of as well,” she says.
Finnegan’s search led her to a 30,000-square-foot former school at 112 E. Thomas St. The building operated as a grade school from 1928 until about 1970. From 1970 until 2009, the Rome School District Board of Education used the structure for offices, Finnegan says.
The building itself was great, Finnegan says, but at 30,000 square feet, it was much more space than she needed for an office and some storage space for her laundry and travel bags. “I really only needed about 1,000 square feet at most for the laundry-bag business,” she says.
Rather than look for another building, Finnegan instead began thinking of what she could do with the additional space. “I started looking into the storage of documents,” she says.
Finnegan purchased the building in June from the Rome School District for $40,000, according to Oneida County property records, and began the process of starting her own document-storage business. She joined PRISM International, the Professional Records and Information Services Management organization, and learned as much as she could about records management.
She also started work on preparing the building. Finnegan says her firm ripped out all the partition walls that had been installed over the years, opening the old classrooms back up to their original sizes and ceiling height of 13 feet. Shelving racks were installed in the rooms and security cameras were installed around the building, Finnegan says.
The building had a dry sprinkler system with sprinkler heads located in the stairwells and main hallways. In a dry system, the pipes only carry water if the sprinkler system is tripped. The rest of the time, the pipes are filled with air, eliminating the risk of accidental water damage from frozen or burst pipes. There are no sprinklers in the rooms where the documents are stored. In addition, the plaster and concrete walls and ceilings provide some fire resistance and all the rooms are equipped with sensitive smoke detectors. The metal doors on each floor are on a magnetic system and close when an alarm trips to contain any fire that might break out. In the event of an incident involving water damage, Finnegan says the protocol is to freeze the containers, peel the documents apart, and allow them to dry.
Similar to the way a bank sets up its safety-deposit-box system, Finnegan says any visitors need to be let into the secure building, but only have access to the main office area and a private viewing room. Only Store Scan Shred staff has access to the rooms where records are stored, Finnegan says. This setup ensures that access to the records is controlled, she notes. In addition, the transfer of records is documented each step of the way from the customer to the facility, she says, to establish a chain of custody. This is important when handling sensitive records such as financial documents or documents that fall under HIPPA (Health Insurance Portability and Accountability Act of 1996) regulations.
That level of security is what sets her company apart, Finnegan says. In the immediate area, Finnegan says, there aren’t any other companies that can offer that level of secure storage. Her closest competition of the same level is Iron Mountain in Syracuse, she says.
Along with the security measures, Finnegan is also installing a number of eco-friendly products in the building including high-efficiency lighting and solar panels. Altogether, Finnegan says, it will cost about $230,000 to get the building ready. She declined to say how much she is personally investing, but did say she received several grants for the green investments such as the lighting and solar panels in the building. She declined to disclose the grant totals.
Finnegan already has two small clients and is gearing up to start a marketing campaign later this month. She plans to send fliers to area businesses and will also appear on an upcoming segment of The DeClutter Coach’s new segment on WKTV NewsChannel 2’s Saturday morning newscast.
Store Scan Shred offers document storage for 30 cents per cubic foot, or about 36 cents per month for a standard-sized records storage box. Her minimum fee is $18 per month, which includes up to 50 boxes. Additional fees apply for the company’s scanning services, which allow customers to request scanned copies of their documents in storage and have them emailed as a PDF.
For shredding services, Finnegan’s company partners with Empire Recycling’s Confidata division. Finnegan says she didn’t want to compete with an established shredding company, so working with Confidata was the best option. Now, she brings clients to Confidata for shredding and it can recommend her business to its clients looking for storage options.
Currently, Finnegan and two part-time employees are operating Store Scan Shred (www.storescanshred.com), but she hopes to add two more part-time employees this month. She declined to release revenue projections for the new business or revenue figures for ROJETI.
Finnegan founded ROJETI (www.rojeti.com) in her home in 2006, cutting and sewing the laundry bags herself. She later began outsourcing the bag sewing to China and went on to sell her products on QVC. Wholesale hotel customers — including Turning Stone Resort Casino — comprise the bulk of her customer base.
NFIB New York outlines state legislative goals for 2012
The New York state office of the national Federation of Independent business (NFIB) has set state legislative goals for this year that include regulatory relief, mandate relief, and allowing companies to extract natural gas through hydraulic fracturing. The NFIB’s legislative goals follow a year that the group said was good for small business. The state made
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The New York state office of the national Federation of Independent business (NFIB) has set state legislative goals for this year that include regulatory relief, mandate relief, and allowing companies to extract natural gas through hydraulic fracturing.
The NFIB’s legislative goals follow a year that the group said was good for small business. The state made progress on spending controls, property taxes, and energy costs in 2011, the business organization said.
“The list of achievements for the business community was impressive this year,” NFIB New York Director Mike Durant said in a news release. “There are some big obstacles remaining, and unless the state keeps its commitment, we’ll end up back where we started.”
In 2012, New York state government should provide regulatory relief and mandate relief for small businesses, according to the NFIB. Legislators should reform workers’ compensation and unemployment insurance, the organization said.
The NFIB also wants lawmakers to follow an agenda known as “Let NY Work.” That agenda — which is endorsed by a coalition of business, school, and municipal groups — is designed to alleviate state mandates placed on schools, municipalities, and taxpayers. Easing those mandates will help keep local and state taxes under control, the NFIB said.
Let NY Work measures include acting to make the pension system more affordable, establishing minimum health-insurance contribution levels for employees and retirees, and reducing construction costs on public/private projects.
Finally, the NFIB said the state should issue permits in 2012 that will allow companies to extract natural gas using hydraulic fracturing, or hydrofracking. Gas extraction will create jobs, reduce energy costs, boost small businesses, and generate state and local revenue, NFIB contends.
“It will create tens of thousands of jobs in New York and thousands of business opportunities for our residents,” Durant said.
The NFIB is a small-business association with offices in Washington, D.C. and all 50 state capitals. The organization says it aims to help small and independent business owners speak out on public policies that influence their businesses.
East Syracuse Chevrolet owner sold dealership with employees in mind
EAST SYRACUSE — The longtime owner of East Syracuse Chevrolet wanted his employees to have a future at the automobile dealership when he sold the business at the end of 2011. “The first, most important thing is that I could feel comfortable about my employees having a future here,” says Sidney M. Greenberg, who has
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EAST SYRACUSE — The longtime owner of East Syracuse Chevrolet wanted his employees to have a future at the automobile dealership when he sold the business at the end of 2011.
“The first, most important thing is that I could feel comfortable about my employees having a future here,” says Sidney M. Greenberg, who has been dealer-operator of East Syracuse Chevrolet since 1982. The dealer-operator owns the business and is the dealer of record for Chevrolet.
Greenberg sold the dealership to 25-year East Syracuse Chevrolet employee Gino Barbuto in a deal that closed Dec. 29 (which we reported on cnybj.com that day). Financial terms of the transaction were not disclosed.
Barbuto had been an operating partner, owning 15 percent of the dealership since 2010. He has been its general manager since 2009, and has been discussing an ownership change with Greenberg for about five years.
“I am not a youngster,” says Greenberg, who did not specify his age. “It came to me that when I got ready to pack it in, [Barbuto] was the guy. [I wanted to do] more than just sell it to some stranger and walk away.”
Greenberg, who started working at East Syracuse Chevrolet in 1949 before becoming dealer-operator in 1982, does not plan to walk away. Barbuto has guaranteed him a place at the dealership in the future, he says.
“I’ve never prepared myself for retirement, and I wouldn’t like the retired life,” Greenberg says. “And I have been assured by Gino that I will always have a place to come.”
Greenberg will likely fill a consulting role at the dealership, says Barbuto, who was first hired at the dealership in 1986 as a service adviser. Since then, he has held a variety of roles, becoming service manager in 1992 and new-car manager in 1998. Barbuto also held the position of used-car sales manager before taking over as general manager in 2009.
Barbuto is now East Syracuse Chevrolet’s dealer-operator. His acquisition of the dealership gave him all of its stock and assets, including its 65,000-square-foot facility at 1 Chevy Drive in East Syracuse, which opened in 1986. That facility and its land are valued at $2.2 million, according to records from the Onondaga County Office of Real Property Tax Services.
In addition, Barbuto also acquired the dealership’s stock of vehicles. East Syracuse Chevrolet currently has about 280 new cars and 120 used cars in stock, he says.
Barbuto does not plan any major operational changes at the dealership. He does want to expand the business, though.
At the end of last year, East Syracuse Chevrolet was on pace to have sold about 1,500 new and used vehicles in 2011, Barbuto says. He expected revenue for the year to total $45 million.
In 2012, Barbuto would like to increase revenue by 5 percent. He also wants to expand East Syracuse Chevrolet’s used-car business, but he did not provide any used-car sales estimates.
“It’s an exciting time,” Barbuto says. “We’re actually looking to add a few more employees if we hit our sales targets.”
The dealership currently employs 77 full-time workers and 1 part-time worker. It could add between three and seven employees in the next year if sales are strong, Barbuto says. Plans for adding new employees in different departments are not final, but they would not all be sales staff members, he says.
Starting in March, East Syracuse Chevrolet will undergo a series of renovations, Barbuto says. It will receive a new façade and showroom upgrades, as well as a new business center.
The renovations are being coordinated by Detroit–based General Motors (NYSE: GM), Chevrolet’s parent company, according to Barbuto. General Motors has hired the global architecture, design, planning, and consulting firm Gensler to design the upgrades, which will make the dealership “image compliant” with other General Motors dealers, he says.
“I think it’ll give us a fresh look,” Barbuto says. “We’ll be here a long time to come.”
Final plans for the upgrades have not been approved, and no contactor has been selected to carry out the work, according to Barbuto. He did not have a cost estimate for the project.
Greenberg and Barbuto did not use a broker in the East Syracuse Chevrolet sale. Syracuse–based Green & Seifter Certified Public Accountants, PLLC handled accounting, Barbuto says.
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